Zimbabwe

HARARE: The pharmaceutical industry in Zimbabwe needs about $40 million for re-tooling, which will allow production of a new range...

Truworths records merchandise sales 3.6% lower in Zimbabwe

HARARE: Truworths Limited group merchandise sales were 3,6% lower for the year to July 12 at $21,1 million due to...

Govt reportedly suspends import deal between CSC, Botswana

HARARE: Government has reportedly suspended an import deal between the Cold Storage Company (CSC) and Botswana Meat Company to protect...

Zimbabwe’s import bill rises to $18b over last 5 years

HARARE: Zimbabwe’s import bill has risen to about $18 billion over the last five years as the influx of cheap...

Sable Chemicals shut down operations at electrolysis plant in Zimbabwe

HARARE: Zimbabwe’s sole ammonium nitrate fertiliser manufacturer, Sable Chemicals, on Sunday shut down operations at its electrolysis plant due to...

Zimbabwe’s trade deficit increases to $2.5 bln in August

HARARE: Zimbabwe’s trade deficit increased to $2,5 billion as at August 31, as the economy pulled in more imports with...

Chinese diplomat urges Zimbabwe to cut vehicle imports

HARARE: A Chinese diplomat has urged Zimbabwe to cut vehicle imports, saying the country should rebuild its own local motor...

Starafrica Corporation expects to positive impact of new sugar import tax

HARARE: Sugar producer Starafrica corporation expects to enjoy the positive impact of a new sugar import tax regime in the...

Govt’s $20m injection protects ZB’s capital

HARARE: The $20 million fresh capital injection by one of ZB Holdings major shareholders early this year has helped to...

Zimbabwe’s Econet slashes 100 jobs over revenue decline

HARARE: Zimbabwe's largest mobile operator Econet Wireless said on Thursday it would immediately cut 100 jobs, citing a decline in...

Delta Beverages total volumes down 2% for 6 months

HARARE: Delta Beverages’ total volumes were down 2% for the six months ended September 30 due to the challenging environment...

Zimbabwe police arrests 5 people in poisoning of 14 elephants

HARARE: Zimbabwe’s police and the national parks organization said they have arrested five people in connection with the poisoning of...

Zimbabwe clothing Truworths reports 20% increase in retail sales

HARARE: Clothing retailer Truworths reported a 20 percent increase in retail sales in the 11 weeks from its July 12...

Zimbabwe urges to promote local products, services

HARARE: Government has warned that the retail supply chain will remain weak unless consumption patterns shift towards local products and...

Fastjet Zimbabwe receives Air Operating Certificate from CAAZ

HARARE: fastjet Zimbabwe, the new low-cost Zimbabwean airline, has received its Air Operating Certificate (AOC) from the Civil Aviation Authority...

Econet unspecified number of workers as grapples with declining revenues

HARARE: Zimbabwe’s largest telecommunications company, Econet Wireless, will lay off an unspecified number of workers as it grapples with declining...

ZITMA sees 10% increase after used clothes ban

HARARE: The Zimbabwe Textile Manufacturers’ Association (ZITMA) says the ban on second-hand clothes will see the sector doubling its contribution...

Zimbabwe, Italy trade grows by 1% to $114m in 2014

HARARE: Trade between Zimbabwe and Italy grew by 1% to $114 million in 2014 after the European nation opened its...

Empowerment minister says to collect $93m from propose indigenisation tax

HARARE: Empowerment minister Patrick Zhuwao says he hopes to collect $93 million from his proposed indigenisation tax which he expects...

Capacity utilization for manufacturing sector likely to be flat, CZI says